Alabama rates as the ninth-best state for small businesses, according to the Small Business & Entrepreneurship Council’s “Small Business Survival Index 2009.” Our state is one of three Southeastern states in the top ten behind Florida and South Carolina, which were sixth and seventh respectively. Alabama topped the state and local property taxes list. The index ranks states based on their public policy climate for small businesses and entrepreneurs. The small business survival index is a comprehensive measure of states and how friendly they are to businesses, based on taxes, various regulatory costs, government spending, property rights, and health care and energy costs.
Alabama’s corporate state taxes are the lowest in the Southeast and seventh nationally. Nevada, South Dakota, Texas, Washington and Wyoming were tied atop the national rankings, followed by Ohio in sixth place. Unfortunately, Alabama was hampered by its crime ranking which is 45th nationally. South Dakota was ranked as the best state for small business while New Jersey was dead last.
Source: Birmingham Business Journal
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